Happy Thanksgiving!

Posted on 26. Nov, 2009 by in Joint Ventures, Random Ramblings, Wholesaling

I know I said I wasn’t gonna post today but I figured I would real quickly as I sit here drinking my carrot/apple/parsley juice while Kathy finishes making cookies.

I spoke to a local wholesaler today who has 2 deals under contract and we agreed to do some joint venture deals together. And we agreed to a simple 50/50 split of each others deals.

So I’m psyched to help him get his places sold and I have a couple of investors in mind that I think may be seriously interested. Fingers crossed.

Ok everyone…have an awesome day and always remember what you’re thankful for!

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2 Responses to “Happy Thanksgiving!”

  1. Brad

    27. Nov, 2009

    I am a new wholesaler and I am excited about it. I have to offers in so far my only issue is how to market the property while under contract? and how to you sign a contract when you are not the owner of record yet?

  2. Flippin' Carey

    27. Nov, 2009

    Hi Brad welcome! Congrats and good job on putting in some offers.

    I think I can answer your 2 questions:

    1) As far as how to market the property while under contract there are a few things you can do. Check out this post to read about marketing your property.

    Also, if you have an extra $47 I would seriously suggest you go and buy FLIP THIS REO. It’s perfect for a beginner who wants to wholesale reo’s but you can apply most things in the ebook towards private seller deals as well. Like how to market, how to figure out how to find buyers, how to figure out how much to offer, etc. It’s definitely a 47 bucks worth spending, in my opinion. Did you buy it yet? lol Just teasin’ but seriously you won’t be disappointed in it. Check it out: Flip This REO ebook.

    2) I was confused about this in the beginning too. It’s called equitable interest. So as soon as you sign your name to that real estate contract and get your offer accepted, you now how an equitable interest in this property and therefore you are allowed to market the property as if you were the owner.

    I hope this helps. If you have any more questions please don’t hesitate to ask.

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